# Norway's state oil company doubles profits to $11.5 billion amid Iran conflict

Equinor, Norway's national oil company, reported a doubling of net profit to $11.5 billion, driven by soaring oil prices linked to rising tensions and military strikes involving Iran. The surge highlights how geopolitical conflicts can dramatically boost revenues for energy-exporting nations, affecting global energy markets and political alignments.

**Importance:** 4/5

## Sources

### World
- [The Guardian World](https://www.theguardian.com/world/2026/jul/22/norway-national-oil-company-equinor-profits-double-115bn-war-iran) — Wed, 22 Jul 2026 08:39:12 GMT